## Arab Republic of Egypt: Request for Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt

_IMF Staff Country Reports, January 18, 2017_

## Source details

**Canonical URL:** [Arab Republic of Egypt: Request for Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt](https://www.imf.org/en/publications/cr/issues/2017/01/18/arab-republic-of-egypt-request-for-extended-arrangement-under-the-extended-fund-facility-44534)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/01/18/arab-republic-of-egypt-request-for-extended-arrangement-under-the-extended-fund-facility-44534/index.md)
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## Bibliographic details
- Published: January 18, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475566901.002

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### Program overview
- The paper discusses Egypt’s Request for Extended Arrangement Under the Extended Fund Facility (EFF).
- The EFF-supported program will help Egypt restore macroeconomic stability and promote inclusive growth.
- IMF staff supports the authorities’ request for the EFF arrangement.
- Publication date: January 18, 2017.
- Pages: 83.
- Series: Country Report No. 2017/017.
- Issue: 017.
- Volume: 2017.
- DOI: https://doi.org/10.5089/9781475566901.002.
- Stock No: 1EGYEA2017001.
- ISBN: 9781475566901.
- ISSN: 1934-7685.

### Key risks identified
- Implementation risk: Difficulties inherent in implementing a strong and wide-ranging reform program could threaten program success.
- Fiscal risk: Fiscal slippages could undermine the program’s debt sustainability objective.
- Regional/security risk: There is a risk that regional conflicts could intensify and domestic security conditions deteriorate, which could affect confidence, investment, and tourism.

### Risk mitigation and program support
- The risks are mitigated by the authorities’ commitment to the program.
- IMF staff endorsement: IMF staff supports the authorities’ request for the EFF arrangement.

### Subject areas and keywords
- Subject: Energy subsidies, Expenditure, External debt, Foreign exchange, Public debt, Revenue administration.
- Keywords: ambitious goal, authority, business tax regime, CR, deficit, economy, Egyptian pound, Energy subsidies, Global, government from the overdraft facility, ISCR, licensing regime, overvalued exchange rate, rate, state guarantee.

### Availability and formats
- Format indicated: PDF.
- Also available in العربية.

*International Monetary Fund. Middle East and Central Asia Dept. "Arab Republic of Egypt: Request for Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for the Arab Republic of Egypt", IMF Staff Country Reports 2017, 017 (2017).*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1717.pdf.md){rel="alternate" type="text/markdown"}
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_Source: https://www.imf.org/en/publications/cr/issues/2017/01/18/arab-republic-of-egypt-request-for-extended-arrangement-under-the-extended-fund-facility-44534_